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n The following items were taken from the December 31, 2012, financial statements of Whitehouse Corporation. (All dollars are in millions.) Prepare a classified balance
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The following items were taken from the December 31, 2012, financial statements of Whitehouse Corporation. (All dollars are in millions.) Prepare a classified balance sheet as of December 31, 2012 (Click the icon to view the financial information.) Begin by entering the heading of the balance sheet, then complete the balance sheet. (Enter amounts in millions. Leave any unused cells blank.) i financial information (in millions) $ 11,250 Assets Liabilities and Shareholders' equity 1,445 Current assets: Current liabilities: 8,835 Property and equipment Common stock Investment in land Short-term investments Cash Accounts receivable 15,225 Salaries payable 15,895 Other noncurrent liabilities 13,215 Retained earnings 1,900 Prepaid insurance 1,850 Other noncurrent assets 185 Interest payable 110 Mortgage payable 675 Total current liabilities 6,795 845 1,685 Supplies Print Done Total liabilities Total current assets Shareholders' equity Total shareholders' equity ........ Total liabilities and shareholders' equity ..., Total assetsStep by Step Solution
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